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Functional Apparel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

July 2022 | 142 pages | ID: FBAEE20D43F7EN
IMARC Group

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The global functional apparel market reached a value of US$ 327.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 504.1 Billion by 2027, exhibiting a CAGR of 7.63% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Functional apparels refer to garments with enhanced aesthetic, comfort and protection functionalities. Some commonly available functional apparel includes athleisure, seamless wear, sports-functional and medical-functional clothing. They are usually manufactured using synthetic materials, such as nylon, viscose and polyester, that exhibit temperature-regulating, water- and oil- resistant, anti-static, quick-drying and performance boosting properties. These apparels protect the wearer from harsh winds, temperatures, chemicals, microbes and ultraviolet (UV) radiations. They also provide enhanced breathability of fabric, wicking, grip and stretchability and can aid in improving blood flow and reducing muscle fatigue and cramping. As a result, they are widely used to manufacture geotextiles, personal protective wear and medical, military, sports and leisure apparel.

Functional Apparel Market Trends:
The increasing participation in sports-related activities across the globe is among the key factors driving the market growth. With the rising health consciousness among the masses, there is an emerging trend of adopting physically active lifestyles that have resulted in the escalating demand for activewear and other functional apparel. Fitness influencers are also collaborating with sports- and athleisure wear brands through social media and e-commerce platforms to reach a broader consumer base. Various product innovations, such as the launch of variants with additional padding to improve blood circulation and oxygen delivery, maintain even pressure on the skin and prevent infections, are acting as other growth-inducing factors. Product manufacturers are also using advanced nano and microfibers that absorb sweat from the body and facilitate evaporation to ensure optimal hygiene for the wearer. Other factors, including rising expenditure capacities, along with rapid urbanization, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global functional apparel market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and distribution channel.

Breakup by Product Type:

Sports Wear
Active Wear
Protective Clothing
Others

Breakup by Application:

Sports Industry
Outdoor Clothing
Healthcare

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Online Stores
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Adidas AG, ASICS Corporation, Columbia Sportswear Company, Gap Inc, Lululemon Athletica, Nike Inc., Puma SE (Artemis S.A), PVH Corp., Under Armour Inc and VF Corporation.

Key Questions Answered in This Report:
How has the global functional apparel market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global functional apparel market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global functional apparel market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FUNCTIONAL APPAREL MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Sports Wear
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Active Wear
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Protective Clothing
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Sports Industry
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Outdoor Clothing
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Healthcare
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1 Supermarkets and Hypermarkets
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Convenience Stores
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Online Stores
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Adidas AG
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 ASICS Corporation
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
  14.3.3 Columbia Sportswear Company
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Gap Inc
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 Lululemon Athletica
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Nike Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
    14.3.6.3 Financials
    14.3.6.4 SWOT Analysis
  14.3.7 Puma SE (Artemis S.A)
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8 PVH Corp.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 Under Armour Inc
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
    14.3.9.4 SWOT Analysis
  14.3.10 VF Corporation
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Functional Apparel Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Functional Apparel Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Functional Apparel Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Functional Apparel Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Functional Apparel Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Functional Apparel Market: Competitive Structure
Table 7: Global: Functional Apparel Market: Key Players

LIST OF FIGURES

Figure 1: Global: Functional Apparel Market: Major Drivers and Challenges
Figure 2: Global: Functional Apparel Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Functional Apparel Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Functional Apparel Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Functional Apparel Market: Breakup by Application (in %), 2021
Figure 6: Global: Functional Apparel Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Functional Apparel Market: Breakup by Region (in %), 2021
Figure 8: Global: Functional Apparel (Sports Wear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Functional Apparel (Sports Wear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Functional Apparel (Active Wear) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Functional Apparel (Active Wear) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Functional Apparel (Protective Clothing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Functional Apparel (Protective Clothing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Functional Apparel (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Functional Apparel (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Functional Apparel (Sports Industry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Functional Apparel (Sports Industry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Functional Apparel (Outdoor Clothing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Functional Apparel (Outdoor Clothing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Functional Apparel (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Functional Apparel (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Functional Apparel (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Functional Apparel (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Functional Apparel (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Functional Apparel (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Functional Apparel (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Functional Apparel (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Functional Apparel (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Functional Apparel (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Functional Apparel Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Functional Apparel Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Functional Apparel Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Functional Apparel Industry: SWOT Analysis
Figure 80: Global: Functional Apparel Industry: Value Chain Analysis
Figure 81: Global: Functional Apparel Industry: Porter's Five Forces Analysis


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